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Distributedledgertechnology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.
Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributedledgertechnology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct.
Financial institutions (FIs) are increasingly automatically routing transactions that would have once been moved via the Bulk Electronic Clearing System (BECS) Direct Entry to NPP, while businesses are replacing real-timegrosssettlement (RTGS) transactions with NPP as well, the report noted.
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